List of Banks in Canada With Their Official Information

The Bank of Canada is the central monetary authority and the central bank of Canada. It was established in 1934 under the Canadian Banking Act. Bank of Canada headquarters is located in Ottawa, Ontario. It is responsible for formulating Canada’s monetary policy, promoting a safe and sound financial system in Canada, issuing and printing Canadian banknotes, providing the government with banking services and currency management and loans to Canadian financial organizations. In this post, you will get all links and information about Banks in Canada.

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The Bank of Canada

Banks in Canada

At a glance The Bank of Canada all Information

Headquarters  Ottawa, Ontario
Established      1935
Ownership       Minister of Finance
Currency          Canadian dollar
Reserves          69 080 million USD
Bank rate         0.25%
Interest on       reserves 0.25%
Website            www.bankofcanada.ca

List of all Banks in Canada

For those who consider a career in the banking sector in Canada, this is the top list of banks in Canada is very helpful on where to start. To get more information, please refer to our list of financial institutions in Canada.

Bank of Montreal The bank was established in 1817 and it is one of the five largest banks in Canada. Its headquarters is located in Montreal, Quebec. Bank of Montreal provides several types of banking products and services such as asset management, retail banking and investment banking. The bank has approximately 45,300 employees are serving for 12 million customers.

Bank of Nova Scotia (Scotiabank) The bank was established in 1832 and its headquarters is located in Toronto. In terms of assets, it is the third-largest bank in Canada. The bank provides personal and commercial banking, asset management and investment banking. Scotiabank has around 90,000 employees are serving for 23 million customers. It also represents in 55 countries.

Canadian Imperial Bank of Commerce (CIBC) In terms of assets CIBC bank is the 5th largest bank in Canada. The bank was established in 1867 and its headquarters is located in Toronto. The bank provides retail and business banking, asset management and capital market banking products and services. The bank has approximately 43,250 employees are serving throughout the country. The bank also represents itself in the USA, Asia and Europe.

Royal Bank of Canada (RBC) The bank was established in 1864 and its headquarters is located in Toronto. In terms of assets, the Royal Bank is the second-largest Bank in Canada. The royal bank provides asset management, personal and commercial banking, insurance, investment banking, treasury services and capital markets. The bank has 78,000 employees who are serving for 16 million clients.

Toronto-Dominion Bank The bank is the largest bank in Canada. Toronto-Dominion Bank was established in 1955 and its headquarters is located in Toronto, Ontario. The bank provides personal and commercial banking products and services in Canada, the USA and many other countries. The bank has approximately 85,000 employees are serving 11 million customers through 1,150 branches all over the country.

National Bank of Canada National Bank of Canada was established in 1859 and its headquarters is located in Montreal, Quebec. In terms of asset management, the bank is the 7th biggest bank. The bank provides commercial banking, personal banking, insurance and payment solution services. National Bank of Canada has around 22,000 employees are serving through 450 branches to its 2.4 million customers.

Desjardins Group The bank was established in 1900 and its headquarters is located in Levis, Quebec. It is the biggest cooperative group of banks in Canada. The bank operates through four business units: property and accident insurance, asset management and life and health insurance, personal services and business services. Desjardins serves more than 7 million members and customers and is active in 30 countries/regions.

HSBC Bank of Canada HSBC bank was founded in 1981 and its headquarters is located in Vancouver. It is the seventh-biggest banks in Canada. The bank operates three business units such as retail banking and asset management, commercial banking and global banking and markets. The bank has approximately 6,000 employees are serving throughout the country.

Laurentian Bank of Canada The bank was established in 1846 and its headquarters is located in Montreal. Laurentian Bank of Canada serves small-medium enterprises, Individuals and independent advisors. It is the ninth-biggest bank in Canada. The bank is serving through 145 branches with its offices in Alberta, British Columbia, Nova Scotia, Ontario, Newfoundland and Quebec.

Canadian Western Bank The bank was established in 1988 and its headquarters is located in Edmonton. It is the tenth-largest bank in Canada. The bank operates loans, mortgages, personal accounts, investment products, insurance, SME lending and other banking products and services. Canadian Western Bank has approximately 2000 employees are serving through 42 branches throughout the country.

These are the best and selected banks in Canada. You can visit the site to gather more information. All links and official information are included herewith.

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